Investor Presentation - First Nine Months 2022
Danske Bank
Investor Presentation - First nine months 2022
Realkredit Danmark portfolio overview: Continued strong credit quality with
decreasing LTVS
Highlights
Portfolio facts, Realkredit Danmark, Q3 22
•
Approx. 318,918loans (residential and commercial]
.
•
•
Average LTV ratio of 46% (44% for retail, 48% for commercial)
We comply with all five requirements of the supervisory diamond for Danish
mortgage credit institutions
675 loans in 3- and 6-month arrears (-12% since 02-22)
.
6 repossessed properties (02-22: 7)
DKK 4 bn in loans with an LTV ratio > 100%, including
DKK 3 bn covered by a public guarantee
LTV ratio limit at origination (legal requirement)
.
Residential: 80%
Retail loans, Realkredit Danmark, Q3 22 (%)
Interest-only
Repayment
( ) = 02-22
Fixed rate (10yrs-30 yrs)
Variable rate (6m-10 yrs)
45%
53%
(48%)
(52%)
49%
(50%)
52%
(57%)
55%
47%
(52%)
(48%)
51%
(50%)
48%
(43%)]
•
Commercial: 60%
Total RD loan portfolio of FlexLånⓇ F1-F4 [DKK bn]
153 148 144 146 142
134
124
113 110 104
95
55
92 89 84
75
55
72
69
67
67
69
69
64
69
71
Stock of loans:
DKK 444 bn [448bn)
New lending:
DKK 26 bn [26bn)
Retail mortgage margins, LTV of 80%, owner-occupied (bp)
Adjustable rate¹
111
106
86
68
143
138
118
101
03 04 01
02
03
04
Q1
02
03
04
Q1
Q2 03 04 Q1
Q2 03
04
Q1
Q2
03
1-2 yrs
3-4 yrs
5 yrs+
2017
2018
2019
2020
2021
2022
Fixed
rate
1-2 yrs 3-4 yrs
5 yrs+ Fixed rate
Interest-only
Repayment
1 In addition, we charge 30 bp of the bond price for refinancing of 1- and 2-year floaters and 20 bp for floaters of 3 or more years (booked as net fee income).
17View entire presentation